The other thing that I might add to that is the issue of an independent business owner. About 80 percent of them are covered under no kind of retirement plan and were actually given an option not to participate at all. We have no clue or idea what would happen if their business failed in some way when they reach that magical year of retirement for themselves, of what would happen to them. Would they become a ward of the country? What happens to this person?
Karen Thurman: “The other thing that I might add to that is the issue of an independent business owner. About 80 percent of them are…”
Editor's note · Context
Discussing the retirement security of independent business owners.
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